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Experts downbeat on global economy (Meeting in Europe )
Associated Press ^ | On Friday September 2, 2011, 9:21 am EDT | Dan Perry, Associated Press,

Posted on 09/02/2011 9:17:00 AM PDT by Ernest_at_the_Beach

Gathered at Lake Como, finance experts see choppy waters ahead, possibly another recession

CERNOBBIO, Italy (AP) -- Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday -- with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility.

The year's events -- from natural disasters and violent uprisings to fears of debt defaults -- have not only sent shock waves through the financial world but also caused a slump in confidence among consumers and industry.

"There is a significant probability of a double-dip recession," pronounced New York University economist Nouriel Roubini, in opening remarks that lived up to his nickname of "Dr. Doom" -- earned for forecasting a financial crisis years before the 2008 crash, even as many reveled in the boom times.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: globaleconomy

1 posted on 09/02/2011 9:17:05 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Meeting in secret to push for more of the same (higher taxes, bailouts for failures).

These people are making millions of dollars for the no results they give.

Why am I the one who is unemployed?


2 posted on 09/02/2011 9:20:02 AM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Ernest_at_the_Beach

I’m curious: Have any of the Pubbie candidates stated where they stand on any future American taxpayer-funded bailouts of the ECB/Eurozone?


3 posted on 09/02/2011 9:26:06 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Tzimisce
Who they are...

America's Ruling Class -- And the Perils of Revolution By Angelo M. Codevilla from the July 2010 - August 2010 issue

4 posted on 09/02/2011 9:29:37 AM PDT by mewzilla (Forget a third party. We need a second one.)
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To: Ernest_at_the_Beach
Do they mean double dip as in "two scoops"? So, it's gonna get twice as bad as it already is.

They keep saying "double dip".

That word...


5 posted on 09/02/2011 9:44:37 AM PDT by cuban leaf
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To: Tzimisce

Business does not give us any results? Don’t they actually give us the ONLY results?


6 posted on 09/02/2011 9:47:34 AM PDT by arrogantsob (Why do They hate her so much?)
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To: Ernest_at_the_Beach

they can meet all they like, I think the German voters are about to sound the death knell for their cozy little Globalist dream


7 posted on 09/02/2011 10:07:35 AM PDT by Buckeye McFrog
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To: arrogantsob
Business does not give us any results? Don’t they actually give us the ONLY results?

I meant elite politicians meeting in secret give us no (good) results.
8 posted on 09/02/2011 7:01:44 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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